Which of the Following Are People NOT More Likely to Do

question 207

Multiple Choice

Which of the following are people NOT more likely to do during a recession?

• A) retire
• B) shrink business operations
• C) focus on homemaking
• D) drop out of school

---

Definitions:

Budgeted Sales

Budgeted sales are the projected amounts of revenue a company anticipates earning from the sale of goods or services during a specific period, forming a key part of financial planning.

Customer Amounts

Sums of money owed by customers to a business, typically arising from the purchase of goods or services on credit.

Merchandise Purchases

The total cost incurred by a merchandising company to buy goods for resale during a period.

Beginning Inventory

The inventory on hand at the start of an accounting period, before any purchases or production have been added.